July 20, 2021
1 min read

Signed 102 contracts with local vendors in last 3 years: MoD

In order to provide impetus to self-reliance in defence manufacturing as part of ‘Atmanirbhar Bharat’ initiative, two positive Indigenisation Lists have been promulgated….reports Asian Lite News

The Defence Ministry has signed 102 contracts with local vendors for capital procurement of defence equipment such as aircraft, missiles, tanks, bullet proof jackets, guns, navy vessels, radars, networks and others in last three years, Parliament was told on Monday.

In a written reply to BJP Rajya Sabha MP Sambhaji Chhatrapati, Minister of state for Defence Ajay Bhatt said in line with ‘Atmanirbhar Bharat’ initiative, it has been decided to earmark an amount of Rs 71,438.36 crore for domestic capital procurement out of the total allocation of Rs 1,11,463.21 crore for capital acquisition.

Capital procurement of defence equipment is undertaken from various domestic as well as foreign vendors, based on threat perception, operational challenges and technological changes and to keep the Armed Forces in a state of readiness.

“During last three financial years i.e. 2018-19 to 2020-21, 102 contracts have been signed with Indian vendors for capital procurement of defence equipment such as aircrafts, missiles, tanks, bullet proof jackets, guns, navy vessels, radars, networks etc,” the minister said.

In order to provide impetus to self-reliance in defence manufacturing as part of ‘Atmanirbhar Bharat’ initiative, two positive Indigenisation Lists have been promulgated.

The first Positive Indigenisation List was promulgated in August 2020, which included 101 items, and the second in May 2021, which included 108 items. The lists intend to implement the ban in a staggered manner up to December 2025.

The aim behind promulgation of the lists is to apprise the Indian defence industry about the anticipated requirements of the armed forces, so that they are better prepared to realize the goal of indigenisation.

“It provides a great opportunity for the Indian defence industry to manufacture the items in the list by using their own design and development capabilities or adopting those developed by the Defence Research and Development Organisation (DRDO), to meet the requirements of the armed forces in the coming years,” the minister said.

ALSO READ: India, France complete partnership naval exercise

Previous Story

PM resisted lockdown as only over-80s dying: Cummings

Next Story

Isolation rules eased for critical workers in UK

Latest from -Top News

EU Races Clock on US Trade Deal

The US and EU have been grappling over trade terms before the July cutoff…reports Asian Lite News European Commission President Ursula von der Leyen has reiterated the European Union’s (EU) commitment to

Modi’s 3-Nation Mission Begins

This three-nation tour is also an opportunity to thank partner countries for their steadfast support to India in our fight against cross-border terrorism…reports Asian Lite News Ahead of his departure for a

Trump halts ICE raids on farms and hotels

Shift in deportation strategy follows public backlash, industry pressure, and mass arrests across Los Angeles President Donald Trump has reportedly ordered a suspension of immigration enforcement operations in the agricultural sector, hotel
Go toTop

Don't Miss

Fresher Hiring Soars in Indian IT

Bengaluru stands out with the highest average fresher salary of

Dhawan announces 75 million dollar Global Investment Sports Tech Fund

The Fund, consisting of a greenshoe option of 25 million